NSIA Insurance gets new Chairman

The board of NSIA Insurance Limited has appointed Dr Adesegun Akin-Olugbade as the new chairman of the company.

A statement described Akin-Olugbade as a leading legal, finance and corporate governance expert who holds a doctorate degree and a masters’ degree from Harvard Law School.

He obtained an LL.B. (Honours) degree from King’s College London (University of London), in 1983, and was called to the Nigerian Bar in 1984, according to the statement.

The new chairman said, “I feel very privileged to take on this role at such an exciting time in the industry when the needs of NSIA’s customers, people, regulators, and other stakeholders are changing rapidly.

“We are committed to making the best of these changes in thoughtful and innovative ways which will benefit all our stakeholders for years to come.

“NSIA has been very successful in providing traditional, innovative and tailor-made insurance risk management products in both life and non-life classes of insurance over the years, and I am looking forward to working with such a competent team.”

The outgoing Chairman of the board, Pastor Ituah Ighodalo, said, “My time on the board of NSIA Insurance was an eventful one, with the support of seasoned professionals who made serving as the chairman seamless.

“I trust that Dr Akin-Olugbade would experience same, as I wish him success.”

In her comments, the Managing Director/Chief Executive Officer, NSIA Insurance, Ebelechukwu Nwachukwu, said, “Dr Akin-Olugbade’s long history of leadership, coupled with his experience as an accomplished multilingual and multi-skilled leader, who is passionate about the socio-economic development of Africa, makes him the ideal person for this role.

“I look forward to working with him to ensure that NSIA Insurance continues to make positive impact for all stakeholders and our society.”